Wed Jun 1, 2011 10:37am GMT
MUMBAI, June 1 (Reuters) - India's Adani group has submitted an expression of interest to build two new coal terminals in Australia's Queensland region, next to its Abbot Point Coal Terminal, a senior executive said on Wednesday.
"We are looking to build greenfield ports next to Abbott Point, because there is huge demand for ports in Queensland," B Ravi, chief financial officer at Mundra Port and Special Economic Zone , the group's port operating arm, told Reuters.
Mundra expects to make some progress for the new terminals in the next six months, Ravi said. He did not disclose the investment involved.
Earlier this month, Mundra acquired the Abbot Point Coal Terminal in Australia for about $1.9 billion in an all cash deal.[ID:nL3E7G302H] The company is now in talks with banks to refinance the debt taken on for the deal, Ravi said.
(Reporting by Prashant Mehra; Editing Jui Chakravorty, sourced Thomson Reuters)
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